Submit proof of address.

If, for any reason, you’re not eligible to register to vote, most likely because you’re a foreign national outside of the EU, then look at submitting a proof of residency to be verified. This will help your credit score and the validity of any applications you submit.

Detach your finances from anyone else.

If you’ve ever had a financial product with  someone else, and you’re no longer associated with that person, then make sure that the financial bodies are aware of this. The most common linked credit products are joint loans, mortgages, bank accounts for couples, and also anyone else that gets a loan with a partner. If that partnership or relationship breaks down, then make sure to properly change any loans, so that you’re no longer associated with them, as this may affect your ability to apply for credit in the future.

Minimize how often you apply for credit.

Not everyone realizes that there’s a record on your file every time you apply for credit. This is true even if you’re just testing and applying to see if you’re eligible for loans before you actually need one. If you apply for several credit options in a short period of time, it may make it more difficult to get a loan as this behavior may suggest you’re overly reliant on credit, making you more high-risk. Try using credit eligibility calculators instead, which lenders can’t see or access, to prevent this from happening. Also, click here for more information.

Make sure your addresses are all up to date.

When you do any credit check, you may have noticed that you’re asked to fill out 3-5 years of address history. This is to cross-reference you against any credit you may have taken out recently. If this check finds that your addresses are inconsistent, this can have a significantly negative impact on your eligibility. Check things like old mobile phone contracts, old credit cards, and anything else that may be attached to your name and address.

If you get rejected for credit, check your files.

A spiral of rejection can cause serious issues for your credit rating and happens when you apply for multiple credit options, but keep getting rejected. The issue is that the more you get rejected and the more that you apply, the higher-risk you appear. To stop this from happening, make sure to check your credit files if you’ve been rejected once, and then make sure that everything is in order, and wait some time before applying again. If possible, do some work to build your credit rating before applying again to give you a better chance of being accepted. Again, try using eligibility checkers before applying for a loan or a credit card to save your credit applications’ “allowance” for loans you expect to have a good chance of being accepted for.